Solar Pumps Industry Overview | Market Status and Specification | Forecast To 2022
“Global Solar Pumps Market report includes in-depth analysis of industry by recent technologies, trends, opportunities, challenges, key players and business strategies considering types, segment and future outlook.�
The global solar pumps market is expected to reach USD 3.63 Billion by 2022. The market is expected to gain a positive traction in the forthcoming period. Photovoltaic panels are usually used for agricultural operations, particularly in remote areas where alternative energy source is needed. The major benefits in using solar panels have resulted in a reliable produce that is sufficient in directing electricity from solar radiation in order to supply power livestock and irrigation systems. Other reasons such as powering agricultural water pump systems raises water requirements for irrigation and livestock to concur with increased solar energy. Product segmentation for solar pumps market includes DC suction and AC submersible pumps. DC suction pumps have emerged as the leading product accounting for more than 70% of the solar pumps market. AC submersible pumps have witnessed a higher growth in the forecast period owing to increase in use. The solar pumps market is driven by factors such as consumer awareness and rise in modernization of agriculture, shift in energy usage trends, rise in government subsidies and financial incentives. Request Sample Copy of this Market Research @ https://www.millioninsights.com/industry-reports/solar-pumps-market/request-sample